Nam Dinh Vu Industrial Park: An Attractive Option for Singaporean InvestorsNam Dinh Vu Industrial Park in Hai Phong, Vietnam, has become a key destination for foreign direct investment (FDI), attracting businesses from around the world, including Singapore. With its strategic advantages and favorable investment climate, Singaporean enterprises have achieved significant success, offering valuable insights into effective investment practices.
A major factor contributing to this success is Nam Dinh Vu’s strategic location within the Dinh Vu – Cat Hai Economic Zone. As the only industrial park in Hai Phong with an integrated international seaport—Nam Dinh Vu Port—it provides direct access to major maritime routes, reducing transportation costs and optimizing supply chain efficiency. The park features state-of-the-art infrastructure, including container terminals and liquid cargo ports, supporting diverse logistics needs. These advantages have made it an attractive destination for Singaporean investors looking to expand in Vietnam’s industrial sector (1).
Vietnam’s investment policies have played a crucial role in attracting Singaporean businesses. Investors benefit from preferential corporate income tax rates, including a 10% rate for the first 15 years, complete tax exemption for the first four years, and a 50% reduction for the following nine years. Import duty exemptions on goods for fixed asset creation further lower operational costs. Additionally, streamlined investment licensing procedures through a one-stop service have created an efficient and investor-friendly environment. These incentives have positioned Nam Dinh Vu as a highly attractive option for Singaporean enterprises seeking long-term growth (2).
With its prime location, robust infrastructure, and favorable investment policies, Nam Dinh Vu Industrial Park has proven to be a highly appealing destination for Singaporean enterprises. These advantages have contributed to the park’s growing success and position as a strategic hub for industrial and logistics activities in Vietnam. Looking ahead, with continued support from government incentives and its competitive edge in logistics, Nam Dinh Vu is poised to attract even more investment from Singaporean businesses. This growing interest will further solidify its role as a leading industrial park in the region, creating new opportunities for collaboration and growth for both local and international companies.
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Source: (1). Vietnam Investment Review (2). ASEAN Briefing
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